South Carolina holds a rich history, vibrant culture, and economic diversity. It offers a unique landscape not only for tourists and residents but also for investors who are looking to grow their wealth.

In South California, the quest for the most attractive CD rates can lead you to financial institutions ranging from local credit unions to large banks. This journey promises not only security and peace of mind but also the excitement of optimizing your savings strategy in one of the most beautiful states in the Southeast.

Let’s embark on this adventure to discover where the best CD rates in South Carolina are hidden, ensuring your investments flourish in this enchanting region.

Overall Best CD rates in South Carolina

No.Name of the BankAPY %Term LengthAddress
1Founders Federal Credit Union5.61%12-month149 Columbiana Dr Columbia, SC 29212
2ArrowPointe Federal Credit Union5.50%12-month316 Old Pointe School Rd Rock Hill, SC 29732
3Anderson Federal Credit Union5.35%12-month2116 N Highway 81 Anderson, SC 29621
4SC Telco Federal Credit Union5.35%12-month117 Batesville R Simpsonville, SC 29681
5CoastalStates Bank5.25%12-month7 Thurmond Way Bluffton, SC 29910
6Houston Federal Credit Union5.15%12-month100 Fluor Daniel Dr # C102U Greenville, SC 29607
7Bank of the Ozarks5.12%12-month3 Clark Summit Dr Bluffton, SC 29910
8Navy Federal Credit Union5.05%12-month119 Plantation North Blvd Goose Creek, SC 29445
9First Federal of South Carolina, FSB (MHC)5.00%12-month428 Hwy 174 Edisto Island, SC 29438
10PenFed Credit Union4.50%12-monthOnline
11PenFed Credit Union4.30%18-monthOnline
12CPM Federal Credit Union4.06%12-month307 Harrison Bridge Rd Simpsonville, SC 29680
13Vital Federal Credit Union4.05%12-month1000 Asheville Hwy, Spartanburg, SC 29303
14Carolina Trust Federal Credit Union4.04%24-month1010 21st Ave N, Myrtle Beach, SC 29577
15Carolina Foothills Federal Credit Union4.04%48-month520 N Church St, Spartanburg, SC 29303
16Greenville Federal Credit Union4.01%36-month1501 Wade Hampton Blvd, Greenville, SC 29609
17Conway National Bank4.00%12-month2380 Hwy 9 E PO Box 1129 Longs, SC 29568
18The Bank of South Carolina4.00%18-month256 Meeting St, Charleston, SC 29401
19South Atlantic Bank4.00%36-month630 29th Ave N, Myrtle Beach, SC 29577
20South Carolina Federal Credit Union4.00%12-month6265 Rivers Ave, North Charleston, SC 29406
21SPC Credit Union4.00%48-month204 N 5th St, Hartsville, SC 29550
22Upstate Federal Credit Union4.00%12-month1303 Anderson St, Belton, SC 29627
23Spartan Federal Credit Union4.00%3-month930 Charisma Dr, Spartanburg, SC 29303
24Palmetto Citizens Federal Credit Union3.93%18-month1320 Washington St, Columbia, SC 29201
25Anderson Federal Credit Union3.93%24-monthOnline
26Woodruff Federal Savings and Loan Association3.90%12-month247 N Main St PO Box 579 Woodruff, SC 29388
27Coastal Carolina National Bank3.89%6-month1012 38th Ave N, Myrtle Beach, SC 29577
28ArrowPointe Federal Credit Union3.89%36-month462 Anderson Rd S, Rock Hill, SC 29730
29Vital Federal Credit Union3.80%12-month1000 Asheville Hwy PO Box 8649 Spartanburg, SC 29303
30Greenville Federal Credit Union3.70%12-month3375 Pelham Rd Greenville, SC 29615
31SAFE Federal Credit Union3.68%24-month160 W Wesmark Blvd, Sumter, SC 29150
32My Healthcare Federal Credit Union3.68%18-month4720 NW 39th Ave, Gainesville, FL 32606
33Conway National Bank3.35%18-month2380 Hwy 9 E PO Box 1129 Longs, SC 29568
34Carolina Trust Federal Credit Union3.30%18-month4254 Holmestown Rd PO Box 31588 Myrtle Beach, SC 29588
35Ameris Bank3.25%12-month301 N Main St The Landmark Bldg Greenville, SC 29601
36Southern First Bank3.25%12-month105 Front St Summerville, SC 29486
37Anderson Brothers Bank3.05%18-month71 Cloverleaf Dr Longs, SC 29568
38Bank of Greeleyville3.00%12-month209 Martin Luther King Ave Kingstree, SC 29556
39Mutual Savings Bank3.00%12-month330 W Carolina Ave Hartsville, SC 29550
40Santee Cooper Credit Union3.00%18-month1232 Farrow Pkwy Myrtle Beach, SC 29577
41GrandSouth Bank3.00%24-month381 Halton Rd, Greenville, SC 29607
42Founders Federal Credit Union3.00%18-month737 Plantation Rd, Lancaster, SC 29720
43AllSouth Federal Credit Union3.00%24-month730 Elmwood Ave, Columbia, SC 29201
44Heritage Trust Federal Credit Union3.00%12-month847 Coleman Blvd, Mount Pleasant, SC 29464
45Fort Jackson Federal Credit Union3.00%36-monthOnline
46Latitude 32 Credit Union3.00%18-month1845 Sam Rittenberg Blvd, Charleston, SC 29407
47Greenwood Credit Union3.00%24-month617 Main St S, Greenwood, SC 29646
48Anderson Brothers Bank2.95%12-month2711 Agnes Ln Myrtle Beach, SC 29577
49Bank of North Carolina2.65%18-month710 Hwy 17 N North Myrtle Beach, SC 29582
50Sharonview Federal Credit Union2.45%12-month1081 Red Ventures Dr, Fort Mill, SC 29707
51MTC Federal Credit Union2.45%24-month124 Verdae Blvd #100, Greenville, SC 29607
52South State Bank2.10%18-month2005C Oakheart Rd Myrtle Beach, SC 29579
53Southern First Bank2.00%6-month100 Verdae Blvd #100, Greenville, SC 29607
54Peach State Federal Credit Union2.00%24-monthOnline
55Patriot Federal Credit Union1.98%24-month800 Wayne Ave, Chambersburg, PA 17201
56CresCom Bank1.79%18-month4506 Highway 707 Myrtle Beach, SC 29588
57Coastal Carolina National Bank1.73%18-month1100 Highway 17 N North Myrtle Beach, SC 29582
58VistaBank1.73%18-month1106 3rd Ave Conway, SC 29526
59Horry County State Bank1.59%18-month4600 Hwy 17 Byp S Myrtle Beach, SC 29588
60Sandhills Bank1.59%18-month1020 Hwy 17 N North Myrtle Beach, SC 29582
61Anderson Brothers Bank1.38%36-month101 N Main St, Mullins, SC 29574
62SC Telco Federal Credit Union1.38%3-month800 Brushy Creek Rd, Easley, SC 29642
63Greer State Bank1.07%24-monthOnline

Current CD Rates of South Carolina

Current CD rates in South Carolina are crucial for savers and investors, as they determine the potential return on CDs, which are popular for being low-risk investment options.

By offering a guaranteed return over a specified period, CDs in South Carolina provide a stable and predictable way for individuals to grow their savings, making them an essential component of a diversified investment portfolio or a conservative savings plan.

Best 6 Month CD Rates

6-month CD rates in South Carolina stand as beacons for those seeking a quick return without compromising on security.

  1.  Bask Bank

Minimum Amount: $1000.00

APY / Rate: 4.45% APY


  • FDIC approved Bank
  • Terms available from 6-24 months
  • Top-tier APY rate with secured return guaranteed
  • Customer-friendly terms


  • New customers have to open an account with the bank before investing in Bask Bank’s CDs.
  • CDs can be opened at the bank as well as online
  • The minimum deposit amount of $1000 must be deposited to the account within 10 days of account opening
  • Early withdrawal is subject to a penalty.
  • Investors can withdraw the interest credited to the account without any penalty.
  • There is a 10 days grace period after maturity to make additional deposits to the CD.
  1. First Internet Bank of Indiana

Minimum Amount: $1000

APY Rate: 4.39%


  • Online only banking experience
  • High interest rates
  • Low minimum deposit


  • Interest is compounded every month and added to the account at month’s end
  • Early withdrawal are exposed to penalty

Best 1 Year CD Rates

As investors extend their horizon to a year, 1-year CD rates in South Carolina offer a harmonious blend of higher returns and safety.

  1. North American Savings Bank

Minimum Amount: $5000.00

APY / Rate: 4.86% APY


  • Reputed Bank in the region
  • High APY on CDs
  • eBook, “Everything You Need To Know About Certificate of Deposit Accounts” available
  • No limit on beneficiaries
  • FDIC insured.


  • Minimum balance must be maintained
  • Early withdrawal penalty equalling 6 months interest
  • 7 days grace period before CD gets auto renewed
  • Terms range from 3 months to 5 years.
  1. Popular Direct

Minimum Amount: $1000.00

APY / Rate: 4.39% APY


  • Highly competitive rates for 6-month CDs
  • 24/7 access to the bank account
  • No hidden fees or charges
  • Customer support for all sorts of queries and concerns
  • FDIC insured bank up to maximum


  • APY can be earned assuming the interest and the principal remains on deposit until maturity.
  • Interest is compounded monthly and added to the account at the end of the month.

Best 3 Year CD Rates

The search for the best 3-year CD rates in South Carolina takes savers on a journey towards more substantial returns. Investors leaning towards this term are often motivated by the prospect of earning higher interest rates.

  1.  Alliant Credit Union

Minimum Amount: $1000.00

APY / Rate: 4.60% APY


  • Funds are insured up to $250,000 by NCUA
  • Low minimum deposit of only $1,000; no maximum
  • Great dividend rates


  • Dividends compounded every month and at maturity.
  • Incur an early withdrawal penalty
  1. Bread Savings

Minimum Amount: $1500

APY / Rate: 4.50% APY


  • Excellent for earning a competitive interest rate on a savings account or CD.
  • Without monthly services.
  • Free domestic incoming wire transfers on savings account


  • APYs are subject to change at any time without notice
  • The penalty will be applied for early withdrawals on CDs
  • At maturity, your CD will automatically renew and earn the base interest rate

Best 5 Year CD Rates

For long-term investors, the best 5-year CD rates in South Carolina lock away the funds for an extended period, in exchange for the highest interest rates.

  1. Popular Direct

Minimum Amount: $10000.00

APY / Rate: 4.55% APY


  • Highly competitive rates for 6-month CDs
  • 24/7 access to the bank account
  • No hidden fees or charges
  • Customer support for all sorts of queries and concerns
  • FDIC insured bank up to maximum


  • APY can be earned assuming the interest and the principal remains on deposit until maturity.
  • Interest is compounded monthly and added to the account at the end of the month.
  • Early withdrawal fetches a penalty and there is a grace period after maturity to add additional funds to the CD
  1. BMO Harris

Minimum Amount: $1000

APY / Rate: 4.50%


  • Competitive CD rates
  • Decent minimum balance requirement
  • Easy CD withdrawal methods
  • 3-months to 60-month term available


  • A CD can be opened via mobile, online,, or telephone.
  • The interest on the CD is compounded monthly and added to the account on a fixed date every month.
  • There is a penalty for early withdrawal which depends on the term and amount of the CD.
  • Any changes to the CD regarding the amount or term can be made within the grace period of penalty days post maturity.

Economic Statistics for South California

Economic statistics play a pivotal role in shaping investment strategies. It includes the decision to invest in CDs in South Carolina. South Carolina boasts a diverse and growing economy that offers a fertile ground for financial growth opportunities.

  • With a median household income hovering around $85,300, savers and investors are positioned in a moderately favorable economic situation to allocate funds towards CDs for financial security and growth​​.
  • The housing market also plays a significant role in the economic landscape, with the average home value in South Carolina estimated at approximately $223,400. This figure indicates a relatively affordable housing market compared to national averages, potentially leaving more room for households to invest in savings instruments like CDs​​.
  • With a population nearing 5.3 million people, South Carolina’s demographic dynamics contribute to the demand for various financial products, including CDs. The population size and growth trends are indicative of the state’s economic vitality and the potential market for financial institutions offering competitive CD rates​
Economic IndicatorValue
Average Income$85,300
Average Home Value$223,400
Population~5.3 million

How to Get Best CD Rates in South Carolina

Securing the best CD rates in South Carolina involves a strategic approach, combining diligent research with an understanding of your financial goals and market trends.

  • Start by comparing rates from a wide range of financial institutions, including both large.
  • Consider factors such as the minimum deposit requirements, early withdrawal penalties, and the financial stability of the institution.
  • It is also essential to stay informed about the overall economic environment, as interest rates can fluctuate based on federal policies and economic conditions.
  • Apart from all these, engaging in online forums, financial news, and using rate comparison tools can also provide valuable insights and help you lock in the most competitive rates.

CD Rates Methodology

Our methodology for identifying the best CD rates in South Carolina involved a comprehensive review of 98 banks and credit unions.

This extensive survey encompassed a variety of financial institutions, from large, nationally recognized banks to smaller, local credit unions known for their customer-centric services.

To ensure a thorough evaluation, we considered factors such as interest rates, term lengths, minimum deposit requirements, and the flexibility of terms.

Out of the 98 institutions reviewed, 63 made the list, chosen for their competitive rates, favorable terms, and overall value to savers and investors. This selection process underscores our commitment to providing a broad yet discerning overview of the best CD investment opportunities across the state.


The pursuit of the best CD rates in South Carolina is a testament to the savvy investor’s quest for financial growth and security. Whether you’re a beginner investor looking for stability or an opportunistic investor aiming for the highest possible returns, the key lies in thorough research, strategic planning, and a keen understanding of the market dynamics. 

With the right approach, securing the best CD rates in South Carolina can be a rewarding component of your overall financial strategy.


Who has the best CD rates in South Carolina?

CoastalStates Bank, offering a 5.25% interest rate for a 12-month CD, is a financial institution known for its competitive rates.

What Credit Union has the Best CD rates in South Carolina?

Founders Federal Credit Union, with a 5.61% interest rate for a 12-month CD, offering higher savings rates and lower loan rates.